How does Fastly (FSLY) make money?

Fastly (FSLY) generates revenue primarily from Network Services, which accounted for 75.2% of total revenue in TTM through Q1 2026. The company reported $653M in revenue and converted -15.8% of it into net profit, equivalent to roughly -$103M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Fastly (FSLY)?

Fastly (FSLY) reported a gross profit margin of 58.7% in TTM through Q1 2026, equivalent to $383M in gross profit on $653M in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Fastly (FSLY)?

Fastly (FSLY) reported an operating profit margin of -15.9% in TTM through Q1 2026, equivalent to -$104M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Fastly (FSLY)?

Fastly (FSLY) reported a net profit margin of -15.8% in TTM through Q1 2026, equivalent to -$103M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Fastly (FSLY) profitable?

Fastly (FSLY) reported a net loss of $103M for TTM through Q1 2026, a net profit margin of -15.8%. Combined operating expenses, interest, and income taxes exceeded revenue, so the period closed in the red on a reported basis.

How much does Fastly (FSLY) invest in research and development?

Fastly (FSLY) invested $167M in research and development during TTM through Q1 2026, roughly 25.6% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Fastly (FSLY) spend on capital expenditures?

Fastly (FSLY) spent $50.8M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 7.8% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Fastly (FSLY) generate?

Fastly (FSLY) generated $54.7M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 8.4%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What are the main business segments of Fastly (FSLY)?

Fastly (FSLY) reports revenue across 3 reportable product segments, led by Network Services at 75.2% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Fastly (FSLY) generate most of its revenue?

UNITED STATES is the largest geographic market for Fastly (FSLY), accounting for 78.6% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Fastly Makes Money: 2026 Visual Revenue Map

Fastly (FSLY) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 6, 2026).

Fastly (FSLY) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Fastly (FSLY), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Network Services	$491M	75.2%
Security	$137M	21.1%
Other	$24.4M	3.7%
Total	$653M	100%

Network Services$491M
Security$137M
Other$24.4M
Total$653M

Fastly (FSLY) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Fastly (FSLY), TTM through Q1 2026
Region	Revenue (USD)	% of total
UNITED STATES	$478M	78.6%
Non-US	$50.2M	8.3%
Asia Pacific	$37.9M	6.2%
Europe	$31.7M	5.2%
All Other Countries	$10.4M	1.7%
Total	$608M	100%

UNITED STATES
Non-US
Asia Pacific
Europe
All Other Countries
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Fastly (FSLY) reports revenue across 3 reportable product segments; the largest segment was Network Services at 75.2%, followed by Security (21.1%) and Other (3.7%). Geographically, UNITED STATES accounted for 78.6% of revenue, followed by Non-US (8.3%) and Asia Pacific (6.2%).

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